Investore earnings, dividends to get boost from Bunnings acquisition

Tue, 23 Jan 2018

By Paul McBeth Jan. 23 (BusinessDesk) - Investore Property will pay just below book value to buy three Bunnings stores from manager Stride Property Group in a deal which will boost earnings and dividends, says the independent adviser. Shareholders of Investore will vote on whether to approve the transaction at a special meeting in Auckland on Feb. 8, which needs their backing because of the related party nature. Independent adviser Northington Partners' report on the deal found the terms and conditions were fair to shareholders not assoc...

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